Search Results for: EY
Emerging-Market Target Practice
June 26th, 2014
Central bankers want only a few things. To achieve any of them they usually seek to nudge inflation expectations, demonstrate the transparency of monetary policy, and establish their institutions’ credibility. To communicate their intentions simply and clearly, they may ...
FINRA Expels Success Trade Securities and Bars CEO Fuad Ahmed for Ponzi Scheme
June 26th, 2014
The Financial Industry Regulatory Authority (FINRA) has announced that a FINRA hearing panel has expelled Washington, D.C.-based Success Trade Securities, Inc. from membership and barred its CEO and President, Fuad Ahmed, for the fraudulent sale of promissory notes and ...
Europe Stocks Rebound From Four-Day Loss as Dialog Jumps
June 26th, 2014
European stocks rose, rebounding from a four-day losing streak, as investors awaited data to assess the health of the U.S. economy. U.S. index futures were little changed, while Asian shares advanced. Dialog Semiconductor Plc and AMS AG climbed more ...
China Finds $15B of Loans Backed by Falsified Gold Trades
June 26th, 2014
China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. Twenty-five bullion processors made a combined profit of more than 900 million yuan ...
Spain’s Princess Cristina could face trial over corruption charges
June 25th, 2014
A Spanish court has upheld corruption charges against Princess Cristina, less than a week after her brother Felipe VI became the new king of Spain, paving the way for an unprecedented criminal trial that could further damage the country’s ...
FASB Finalizes New Rule on Stock Compensation
June 25th, 2014
The Financial Accounting Standards Board has finalized new accounting requirements around stock compensation intended to resolve differences in how companies treat awards that have specific performance targets attached. FASB’s Emerging Issues Task Force studied the issue and determined companies ...
Accountants continue to fail in marketing activities
June 25th, 2014
Accountancy firms continue to fall short in their marketing activities, with large numbers failing to monitor activities. Research from technology provider Wolters Kluwer found less than a third (29.9%) of firms have dedicated marketing or business development staff, but ...
Energy Future Should Kill Borrowing Plan, Creditors Say
June 25th, 2014
Energy Future Holdings Corp.’s official creditors’ committee said the company should scrap a plan to borrow another $2 billion to help it restructure because the loan wouldn’t save it any money. By using its available cash instead to refinance ...
Shanghai Free Zone Moves To Launch Investment Platform
June 25th, 2014
The Shanghai Pilot Free Trade Zone plans to set up an international assets and equity trading platform for financial leasing companies to diversify the financial services they offer from the zone. The platform – the first of its kind ...
The Pros and Cons of Buying Buyback ETFs
June 25th, 2014
Companies splurged on share buybacks in 2014’s first quarter, and investors splurged on buyback funds. The amount companies spent buying back their own shares jumped 59 percent compared to a year ago, according to Standard & Poor’s. Over that ...
